First Quantum Minerals Ltd. (TSE:FM – Get Rating) – Jefferies Financial Group cut their Q3 2022 earnings per share (EPS) estimates for First Quantum Minerals in a report issued on Tuesday, April 26th. Jefferies Financial Group analyst C. Lafemina now expects that the company will post earnings of $0.99 per share for the quarter, down from their previous estimate of $1.05. Jefferies Financial Group also issued estimates for First Quantum Minerals’ Q4 2022 earnings at $0.72 EPS, FY2024 earnings at $7.37 EPS and FY2025 earnings at $7.76 EPS.
First Quantum Minerals (TSE:FM – Get Rating) last released its earnings results on Tuesday, February 15th. The company reported C$0.55 EPS for the quarter, missing analysts’ consensus estimates of C$0.65 by C($0.10). The firm had revenue of C$2.60 billion during the quarter, compared to analysts’ expectations of C$2.54 billion.
Shares of TSE FM opened at C$35.57 on Thursday. The company has a debt-to-equity ratio of 80.46, a quick ratio of 1.48 and a current ratio of 2.34. The firm has a market capitalization of C$24.40 billion and a price-to-earnings ratio of 23.51. The stock has a 50 day moving average price of C$39.38 and a 200 day moving average price of C$33.37. First Quantum Minerals has a 52-week low of C$20.67 and a 52-week high of C$45.38.
The business also recently declared a Semi-Annual dividend, which will be paid on Friday, May 6th. Shareholders of record on Thursday, April 14th will be given a dividend of $0.005 per share. This represents a yield of 0.01%. The ex-dividend date of this dividend is Wednesday, April 13th. First Quantum Minerals’s dividend payout ratio is currently 0.53%.
In other First Quantum Minerals news, Director Philip K.R. Pascall sold 81,582 shares of the stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of C$36.72, for a total transaction of C$2,995,691.04. Following the sale, the director now directly owns 5,872,725 shares of the company’s stock, valued at approximately C$215,646,462. Also, Director G. Clive Newall sold 43,949 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of C$42.00, for a total value of C$1,845,805.26. Following the sale, the director now directly owns 2,193,461 shares in the company, valued at C$92,122,729.85. Insiders have sold a total of 292,201 shares of company stock worth $11,371,329 over the last ninety days.
First Quantum Minerals Company Profile (Get Rating)
First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.
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